Friday, July 20, 2007

Foreign investor on the way

Dealbreaker points out that:
Dubai Investment Firm Plans U.S. Purchases (Dealbook) and says

"Hide your children, your mortgage deeds and your small businesses. Remove your stock holding from your brokerage account and put the certificates under your pillow. If you're a public company, it's time to go private -- right now. In short, time to go into lockdown mode. The Dubai money is coming. The private equity firm managed by the country's ruler, Sheik Mohammed bin Rashid al-Maktoum, will soon open an American office, so that he can add US firms to his portfolio. They're takin' over."

I say dust off your business plan that's been sitting on the shelf...there's a new prospect in town. Time to get back some of that gas money we've been hosing into our SUV's...

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